James R. (“Jim”) Hedges, IV was one of the early leaders in the hedge fund and alternative investments industry, and is the author of Hedges on Hedge Funds. He was the Founder, President, and Chief Investment Officer of LJH Global Investments, LLC, an alternative investment advisory firm which he founded in 1992 and sold in 2010.
Named as one of “The Top 100 Collectors in America”, Hedges has also been an active art collector and patron for over 20 years and is recognized as the top global collector of Warhol Photography.
In this Opalesque.TV BACKSTAGE video, Hedges discusses with Opalesque’s Matthias Knab how in his art investment and advisory work he is able to achieve risk-controlled and superior returns from art by applying his professional investment acumen and sound, proven investment principles. Similar to the hedge fund industry in the 1990’s the art world today is intransparent, relationship-driven and riddled with pitfalls, but also offers opportunities for “huge outsized returns” for investors when done right.
Hear Hedges talk about:
- What’s the art market today? What is the “investible universe” in art? The role of the time horizon
- What’s often wrong with art funds? Hidden conflicts of interest & Fee traps
- Minimum investments and diversification in art investing. How to build art portfolios
- Jim Hedges’ 2nd gen art fund: Using Data Analytics to better understand the value of artwork. An opportunity for Machine Learning in evaluating art
- How Hedges became the world’s top collector of Andy Warhol photography
- Hedge’s proven “multi-strategy” process for art investments — why the art world can’t burn a seasoned hedge fund investor:
- Investing in art through “equity” but also debt & art loans
- Investing in “distressed” art assets at highly favorable valuations
- Relative value across artists but also within a body of work of the same artist
- How contrarian views help in finding undervalued art
- Identifying and benefitting from momentum in art prices
Jim Hedges was also featured in Opalesque’s October 2018 issue of HORIZONS: Family Office & Investor Magazine — “Collecting Warhol: From Curiosity to the Depths of Obsession” which can be downloaded here:
https://www.opalesque.com/archive-horizons.htmlHedges has been an active art collector and patron for over 20 years. With a specialized focus on photography by Andy Warhol, Jim has acquired and placed more Warhol photography than any other collector, private dealer or gallery in the world.
Jim has served on The Drawings Acquisition Committee at the Museum of Modern Art, as a National Council Chair for the Aspen Art Museum, a member of the National Committee of The Anderson Ranch, a Director of The Aspen Institute’s Arts Panel, as a Trustee for The Drawing Center, a Founder of The American Friends of the Tate Gallery, a Founder of The Aspen Conversations, a Trustee of The DIA Foundation, a Trustee of ArtPace, and member of the National Committee for the Whitney Museum of American Art. He is also a former Director of The National Public Radio Foundation (NPR).
Hedges has also assisted in the publishing of artist monographs including Sigmar Polke, Robert Mangold, Sol LeWitt, Ed Ruscha and numerous others. Hedges has supported artist’s retrospectives including Roni Horn at The Whitney Museum of American Art and Sol Lewitt, at the same venue. Support has also been provided to Carl Andre and Sol Lewitt exhibits at The Aspen Institute. Hedges has also made donations of numerous artworks to major institutions such as The Whitney Museum of American Art, The Museum of Modern Art, The Menil Collection, The Dia Foundation, The Tate Modern, The Hunter Museum of American Art, The Baylor School, and Girls Preparatory School. In 2016, Hedges made a gift to The Archive of American Art at The Smithsonian of “The Jimmy Hedges Papers on Outsider Art,” the largest collection of curatorial research materials on Outsider Artists. The Archive will serve as a permanent resource for students, curators and collectors of Outsider, Self-Taught and Folk artists.
Hedges’ activities in the art world led Art and Antiques magazine to name Mr. Hedges as one of “The Top 100 Collectors in America.” He also served as President of The Hedges Family Charitable Foundation. Hedges Projects has also published numerous editions with artists in Andy Warhol’s inner circle including Christopher Makos and Sam Bolton.
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James R. (“Jim”) Hedges, IV was one of the early leaders in the hedge fund and alternative investments industry, and is the author of Hedges on Hedge Funds. He was the Founder, President, and Chief Investment Officer of LJH Global Investments, LLC, an alternative investment advisory firm which he founded in 1992 and sold in 2010.
Named as one of “The Top 100 Collectors in America”, Hedges has also been an active art collector and patron for over 20 years and is recognized as the top global collector of Warhol Photography.
In this Opalesque.TV B ...more
